Currently in down trend.
Though Bullish Divergence has appeared on Daily TF
but 11.10 - 11.20 is a Very Strong Resistance\
However, there is a Bearish Divergence on Weekly TF
So, it should Break Above 12.50 for Trend Reversal
Crossing & Sustaining 12.85 will lead it to 14.30
Double Bottom around 10.60 alongwith a Bullish
Divergence on Daily TF can be a Positive Trigger
Though Bullish Divergence has appeared on Daily TF
but 11.10 - 11.20 is a Very Strong Resistance\
However, there is a Bearish Divergence on Weekly TF
So, it should Break Above 12.50 for Trend Reversal
Crossing & Sustaining 12.85 will lead it to 14.30
Double Bottom around 10.60 alongwith a Bullish
Divergence on Daily TF can be a Positive Trigger
Note
Closed at 10.13 (03-04-2024)Going Good as per Analysis shared on 25-03-2024
Today’s Candle: Bullish Pin Bar
Can take risk at CMP with a Stoploss of 9.50 on Closing Basis.
11 is the immediate resistance for now.
MM - House of Technicals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MM - House of Technicals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.